Lua, who will also be a managing director, will join in April, DBS said in a statement.
Southeast Asia accounts for about half of DBS’s private bank business.
The Australian government on Tuesday appointed a top executive at an energy company and a well-known economist to the policy board of the Reserve Bank of Australia(RBA), aiming for a greater focus on the country’s booming mining sector.
Treasurer Wayne Swan said Catherine Tanna and John Edwards would serve five-year terms as non-executive members of the RBA’s nine-member board.
The global accounting firm appointed William Johnston as a managing director in the government contracts practice of its forensic services business. Prior to joining PwC, Johnston led the government contractor service’s national practice at KPMG.
The investment banking division of Barclays appointed Josh Connor as head of Global Transportation Investment Banking within the firm’s Global Industrials Investment Banking Group. Connor will join in July from Morgan Stanley and will be based in New York.
The private banking arm of Bank of America Corp , has hired four veteran financial advisers and a trust officer across five cities, continuing a hiring spree that has added nearly 100 client-facing staffers since July.
The general insurer owned by the Royal Bank of Scotland Group appointed Andrew Palmer as a non-executive director, effective March 23.
RESOURCE PRODUCTION ADVISORS LLC
The commodity-focused investment bank named Les Halpin to its board of directors.
MAYFAIR CAPITAL INVESTMENT MANAGEMENT
The UK property fund manager appointed Stephen Musgrave as its new chairman. Musgrave will join in April.
The private wealth management division of Invesco Ltd named Richard Vandenberg as managing director and head of the firm’s San Francisco office. Vandenberg will join from Bessemer Trust where he was a managing director and business development officer.
The Swiss private bank named Axel Schwarzer as the new head of the asset management business unit and a member of the group executive management, effective May 4.
SCOTTISH WIDOWS INVESTMENT PARTNERSHIP
The unit of Lloyds Banking Group appointed Archie Struthers as director of investment solutions. Struthers was most recently global chief operating officer of multi-asset client solutions at BlackRock .
A unit of KPMG Europe LLP’s investment management group named Dan Roman to its hedge funds tax practice. Roman joined from Ernst & Young